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BISS ACAMIS Model United Nations 2010

The first BISS ACAMIS Model United Nations will be hosted at BISS Pudong on Saturday, 27 February 2010.

Resolution

Yes the Delegate of Estonia does have a resolution although the unemployment problem was not added, but that can be discussed later. if the other delegates do have any resolution for unemployment then feel free to add it.the Delegate of Estonia has written this draft resolution:

Aware that many governments were unaware of the extent of banks financial actions regarding loans and that this was a major cause of the 2008 Financial Crisis,

Concerned that some countries do not have strict enough laws to control businesses that have unsustainable or dangerous financial practices in the search for short term profits and investments,

Noticing that a major aggravating factor in the European Financial Crisis was that not all members of the EU had the currency of euro including the United Kingdom and Estonia and therefore had trade problems,

Acknowledging that the housing bubble in the USA which had been caused by banks making short term profits but not caring if it was sustainable, which was a major cause of the Financial Crisis,

1. Encouraging member stats to research better IT technology that the can use to monitor bank transactions which will be part funded for developing nations by a World Bank Fund;2. Recommending governments of free market based countries enforce laws which control and monitor the financial transactions of banks regarding short term profiteering, loans and lending practices in the next 2 years;3. Resolves to make the currency of all members of the EU, the Euro by 2015, this will include all countries in the boundaries of Europe;4. Calls upon member states to expand Stimulus Packages by allowing more parties to receive them to prevent further financial crises, starting in the year 2011;

Last edited by ECOSOCestonia on Wed Feb 03, 2010 11:30 am; edited 1 time in total (Reason for editing : the resolution was updated)

The delegation from the Russian Federation is partial to this resolution.

Estonian Delegation wrote:1. Encouraging member stats to research better IT technology that the can use to monitor bank transactions which will be part funded for developing nations by a World Bank Fund

The delegation from Russia believes that the technology to monitor short-term monetary transactions already exists, and is in the public domain. Therefore, funds for this particular issue are unnecessary. Developed countries are already able to(and are) monitoring monetary transactions through banks. The problem is the enforcement or enactment of certain policies.

Estonian Delegation wrote:2. Recommending governments of free market based countries enforce laws which control and monitor the financial transactions of banks regarding short term profiteering, loans and lending practices in the next 2 years

The delegation from the Russian Federation believes in this instance, the resolution is irrelevant to the topic. The topic is to propose a framework to prevent future financial crisis. A policy such as the one you have mentioned, lasting only 2 years, would not function to prevent a future crisis. The Russian delegation proposal is to extend this policy indefinitely, as opposed to 2 years. Of course, other delegates, primarily those who advocate more private enterprise(i.e more conservative) would not agree with this issue. That said, the official stance of the Russian government is that such a policy would be acceptable.

Aware that many governments were unaware of the extent of banks financial actions regarding loans and that this was a major cause of the 2008 Financial Crisis,

Concerned that some countries do not have strict enough laws to control businesses that have unsustainable or dangerous financial practices in the search for short term profits and investments,

Noticing that a major aggravating factor in the European Financial Crisis was that not all members of the EU had the currency of euro including the United Kingdom and Estonia and therefore had trade problems,

Acknowledging that the housing bubble in the USA which had been caused by banks making short term profits but not caring if it was sustainable, which was a major cause of the Financial Crisis,

Experiencing that Unemployment rate increases every time a financial crisis happens and that many people get affected by it

1. Encouraging member stats to research better IT technology that the can use to monitor bank transactions which will be part funded for developing nations by a World Bank Fund;2. Recommending governments of free market based countries enforce laws which control and monitor the financial transactions of banks regarding short term profiteering, loans and lending practices in the next 2 years;3. Resolves to make the currency of all members of the EU, the Euro by 2015, this will include all countries in the boundaries of Europe;4. Calls upon member states to expand Stimulus Packages by allowing more parties to receive them to prevent further financial crises, starting in the year 2011; 5. Recommends countries who in the event of a financial crisis get affected by unemployment rate should: a) Introduce job sharing initiatives to avoid unnecessary redundanciesb) Take measures to make income protection insurance cheaper and more widely availablec) Provide welfare for unemployed people at sufficient levels to enable them to continue to be a contributor to the economy

ECOSOCestonia wrote:3. Resolves to make the currency of all members of the EU, the Euro by 2015

The Russian delegation perceives this as an extremely problematic goal. Such a change is easier said than done. With the UK in particular, many groups are reluctant to do so for nationalism reasons, amongst others. Latest polls(May 2009) show 75% of respondents opposed to Euro adoption. Please be realistic. We cannot force a currency change on a country when three quarters is wildly in the opposition.

It is my humble opinion that, at the very least, we extend this to yield a more realistic deadline. Perhaps 2020? Euro opposition has done nothing but grown in the UK, as shown by various polls over the years.

ECOSOCestonia wrote:this will include all countries in the boundaries of Europe;

I do not understand. Perhaps you mean the boundaries of the EU? Because putting forward membership of Switzerland, Croatia, Montenegro, Albania and Serbia would certainly require a different clause, not to mention an entirely different resolution. Perhaps you would like to rephrase that, my fellow delegate?

ECOSOCestonia wrote:Provide welfare for unemployed people at sufficient levels to enable them to continue to be a contributor to the economy

Fully agree this is necessary, however, could you please specify what is to be deemed a "contributor to the economy"?

ECOSOCestonia wrote:4. Calls upon member states to expand Stimulus Packages by allowing more parties to receive them to prevent further financial crises, starting in the year 2011;

My fellow delegate, stimulus packages do not at all prevent financial crises from happening. It is merely a measure to be taken to address the issue and hasten recovery. This resolution is concerning measures to be taken to prevent future crises.